Musical Arts Indiana Inc
- Assets
- $12.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 03-0548067
Organization Overview
Musical Arts Indiana Inc is located in South Bend, IN. The organization was established in 2004. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musical Arts Indiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Musical Arts Indiana Inc generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $44.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
VESPER CHORALE VIRTUAL CONCERT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Myers Executive Director | 12 | $9,450 | |
Geoffrey Carter Director | 4 | $1,700 | |
Bryon Thomas Director | 1 | $0 | |
Terrilyn Douglas Director | 1 | $0 | |
Darius Garner Chair | 2 | $0 | |
Turrell O'neal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,569 |
| Total Program Service Revenue | $1,186 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,755 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,200 |
| Professional fees and other payments to independent contractors | $9,475 |
| Occupancy, rent, utilities, and maintenance | $1,131 |
| Printing, publications, postage, and shipping | $4,809 |
| Other expenses | $4,684 |
| Total expenses | $44,299 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,136 |
| Other assets | $0 |
| Total assets | $12,136 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,136 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Musical Arts Indiana Inc has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
John Anna & Martha Jane Fields Trust Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $7,500 |
Tcu Foundation Inc South Bend, IN PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uniting Voices Chicago, IL | $5,644,708 | $5,523,415 |
Indianapolis Childrens Choir Incorporated Indianapolis, IN | $2,588,853 | $1,634,208 |
St Louis Childrens Choirs Saint Louis, MO | $1,132,837 | $819,835 |
Heartland Sings Inc Fort Wayne, IN | $1,012,821 | $806,590 |
Heartland Mens Chorus Kansas City, MO | $1,030,553 | $861,236 |
Chicago A Cappella Chicago, IL | $680,172 | $466,829 |
Indianapolis Symphonic Choir Inc Indianapolis, IN | $1,174,245 | $854,950 |
Sounds Good Choir Nfp Downers Grove, IL | $2,341,821 | $486,305 |
Association For Surgical Education Inc Springfield, IL | $1,230,968 | $488,060 |
Young Naperville Singers Naperville, IL | $544,369 | $571,260 |
Fort Wayne Childrens Choir Inc Fort Wayne, IN | $764,243 | $488,167 |
St Charles Singers St Charles, IL | $102,391 | $355,463 |